tag:blogger.com,1999:blog-10967240.post5329282937098544376..comments2023-11-03T08:47:47.119-04:00Comments on FX Trading Ideas.....and other Ramblings: Colin Powell....on Meet The PressBankerhttp://www.blogger.com/profile/03215896316185279351noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-10967240.post-30181960460397267382008-10-20T06:06:00.000-04:002008-10-20T06:06:00.000-04:00Thanks for the heads up.Thanks for the heads up.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-10967240.post-29879584310822160692008-10-19T18:33:00.000-04:002008-10-19T18:33:00.000-04:00Absolutely, The final nail has been put in McCains...Absolutely, The final nail has been put in McCains coffin. This race is done. Colin Powell (to mme) is a very credible guy. I think alot of Americans on the fence concerning this election have been convinced.Bankerhttps://www.blogger.com/profile/03215896316185279351noreply@blogger.comtag:blogger.com,1999:blog-10967240.post-82479402815486469202008-10-19T12:28:00.000-04:002008-10-19T12:28:00.000-04:00Just saw the interview...all I can say is WOW. Ver...Just saw the interview...all I can say is WOW. Very positive.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-10967240.post-26396273787023086082008-10-18T23:14:00.000-04:002008-10-18T23:14:00.000-04:00I've followed Powell for quite a while...thanks fo...I've followed Powell for quite a while...thanks for giving us the heads-up. I'll be sure to watch.<BR/><BR/>Just from what I know of Powell, he will certainly fall into the FP camp of Obama's crew. I haven't met the guy, but I know several people who have and two who knew him well earlier in his career. Like you, I do not expect him to outright endorse any candidate, in any race, now or in the future. I like that about him.<BR/><BR/>I really don't get why the market is bearish on Obama -- his fiscal and monetary positions are far more coherent and relevant than McCain's but nobody seems interested in reading them, only accepting what they are being told by talking heads...or maybe the markets would be bearish in either case? (I suspect this is true.) <BR/><BR/>Anyway, the market has had its fun in the sun and it is time to come inside for awhile -- maybe sit in the corner, facing the wall for a few hours. It has been a bad little boy.<BR/><BR/>The policy framework Obama's campaign is proposing would be beneficial to key sectors...we'll just have to see how it plays out. We have bigger problems right now than supporting the stock market with corporate welfare, methinks. <BR/><BR/>If the market does rally after the election, it will be short lived...at least for the short term. I agree with the view that we will see some basing for the next two years at least...with the odd spike high and spike low, and generally more volatility than in years past. <BR/><BR/>As I said last week, I'm still a buyer here -- but only in the snese that I'm dollar cost averaging in indexed accounts that are tax deferred, thus offsetting most or all of the losses in terms of what I'm putting in. When the market does start to move up again, I'll have a nice chunk of change already in.<BR/><BR/>When conditions improve, I will look at individual long term plays...but by then I hope to already be moving forward on my FX and futures trading. And then it won't really matter who is president or how the stock market is doing -- beyond my moral/intellectual leanings and interests.Anonymousnoreply@blogger.com